weekday, 3:00 to 6:00 eastern time. we'll have another great tv show for you on fox business. well as symbolism will be back after vacation. of his. >> tonight on the "willis report" everything you need to know about the housing market right now. it's also the middle-class is getting squeezed for every dime now taking out loans for daycare. had to turn a part-time job into a full-time job? tonight. "the willis report." gerri: in tonight's top sty home prices ought not so largest gain in seven and a ha years at from a new report of the national

association of realtors but the sharp jump of sales will level also where are we headed? so now into the direction of the housing market the ceo of quicken those that is the third biggest lender in the country in the biggest on-line lender. great to have you here. write-offs about where are the rates headed? you said it would site now we have seen that so where do ty go from here? >> it is a great question i wish i knew definitively but it has made statements causing rates to go up a little bit based on e tapering measures. if it continues to buy the bond i thought it could still be -- stabilise as part of the ethics dray. there will be a little volatility by unc those

rates may be they edged up over the next x nths. gerri: did the fed paul gold the taper talk? >> it is hard to say that. any time it telegraphs what they might do it will cause the market place that could be irrational react. the process keeps rates artificially low so if they start stepping away from that it would cause them to be jittery. gerri: hundred basis points with the big swing their anyone to refinance the mortgages and happy with that that leads me to the next question are people too late to buy or refinance right now? >> absolutely not.

said you have to step back to think historically how low their rates really is interest rates affordability at the all-time high prices are starting to come up in the housing market starts to yield is an excellent time to get a home but also a good time to refinance. there is still aot of folks that are under water. is very good time to be in the housing market. gerri: there haseen a pretty dramatic rise of housing prices. the has been increasing 80 percent of cities the median home prices went up over a 12%. the feeling get this.

>> inventory is pretty tight right now so you see some pockets that they put the offers and to have a bidding war in a sir marketplace. so that is the driver of inventory. so maybe they would not move as sharply as they have but what is the economic picture happening with jobs? what is happening with the housing market or the low prices? we have to keep a close eye with the economy. gerri: absolutely. that is critical. your big product is the adjustable rate mortgages. are these the same arms that got people into trouble? >> first of all, i don't know if they are a big product for us that we talk more about them but to ian's your question, no.

arms to not get people in trouble but what got people in the past was a negative in mergers asia and the state's of fully underwritten amortizing five-year, seven year or tenure adjustable-rate mortgages a fantastic program for a lot of people. if people are there home between 5:00 a.m. sev years if you're going to be very short period of time i would be paid a premium to have the 30-year fixed-rate that could be higher when you could have the fiver seven year fixed and adjustable-rate mortgage to allow you to have a loan payment or advertise more quickly so for the right person it makes sense with the adstable rate product. gerri: it is difrent from that product the aged -- the edges have been taken off but you are the only people

who offer eartha mortgage that you call your own rates. had to do that? i could say i won that last 12 years into underwriting for me? >> it is the merger is a sham process. if it is a 50 or 25 year or ird year you could literally have what you want some of b.c. people to over the last 24 months over the reef aid -- refinancing to cash in to bring money to the table or shorten the term to build up equity faster. why go ack to the 30 year? that payment is something you can't afford etiquette's five years off your mortgage.

if you know, what the payment is we have the opportunity to do that. >> that is less interest people are very concerned whether corrected or anybody else that getting a loan is so diffilt. why is it that people have a hard time to qualify for the mortgage? does that play a role? >> it is clearly more difficult to get a mortgage credit standards have been pretty similar but it is more difficult than it used to be. but what plays in to it that people don't talk about is the fact of governmental

agencies to sue lenders for things they have done in the past. we have things happening that if i will underwrite the loans to take up the rest i will make sure i will underwrite correctly because i cannot afford a football it could be a combination with the risk associated withhe residential mortgage industry. gerri: i have to ask you about detroit your city -- company is fond of the city you have a bright shiny new buildings so what does detroit we do to make it out of the bankruptcy? >> there's been a lot of great things happening and we have been involved with that over the last two or three years to invest in the city. private investment is that

the all-time high. that is certainly difficult but it is long overdue that this happened so we have to address the problems of this city in the bankruptcy is difficult but it is giving us the opportunity to deal with legacy issues to come out the other side. we have to get through the nkruptcy process and that will take me but as we look at this we're bullish on the straight that they have great balance and great infrastructure to have our renaissance like it deserves gerri: great's information we appreciate you coming on. , back. >> my pleasure. i am happy to come back. gerri: a t still to come how to turn your part-time

job into full-time and the they are sending your kid to college but what about loans for day care? i am not kidding. we will talk about it. next.

gerri: no doubt the pressure is on the middle-class with loans for nursery school? a pilot loan program r families to pay for day care. the of a personal finance expert i cannot think of the better panel. new york city has a loan program talking about college financial aid $1 trillion of many outstanding does this make financial sense? >> no. it is a bad idea all-around i understand they want their kids to go to the best day care or preschool and paying out with the exclusive group so i could see why they want to get in on the program but it is a very bad idea. gerri: in new york city it

is a different world with the kids. friend of mine talked about the pta meeti with the mothers for a green because the kids ian kindergarten were not getting homework. adjusted give you a sense of how we aired this place is but when you look at something like this is assigned the middle-clasis under incredible stress? >> it is. all americans areunder incredible extract its right now only 27 percent think this country is headed in the riggt direction. we have unemployment hovering above 7% in the labor participation rates in seaq feel the stress all-around we cannot provide economically because the economy is not there but they have noo worked. gerri: 6% interest-rate between the aes of two and

four years old and up that $11,000? scientists and the going rate is $30,000. pile on the debt? >> it is a bad idea they already have enough that in general with credit card or mortgage or consumer debt also defaults taxpayers to be on the upside understand why they want to get in but i think they cannot afford to so they shifted because once you get in on the market than it is private elementary, middle school, a school, and it escalates from there. >> was reading the media accounts of a stoc$4,000. we're not making more betty we are making less money. >>. lou: to your kids to doell but is this the first generation where kids don't have a better lifestyle than their parents? >> if you look at the polls the majority of americans

believe that we saw that change april 2009 arab-americans' change their views that every generation that it would be better off but we don't have that hope anymore we seehat everyone is earning less money in making less money and things cost more gas, food, a daily living. so there is a bigger problem than just providing child care. >> in the of millennial summer it tough position living a komondor, underemployed or unemployed in delaying a buying a house coming getting married. gerri: but to give pushed faxes is what the parents would say by the time they hit kindergarten they scored twice as hig from those of core households so you can see the pressure to get the kidstarted in the right diction early. >> is already very

competitive especially the upper east side now -- sharper. give them all work. [laughter] >> people are delaying having kids are keeping what they have at one. wh are the long-range consequences? because we just think things will get better or get richer or have better jobs. you have to think that way by people of making concessions that surprise me >> they are. i am optimistic that one of those that is wondering should i even have kids? at is a selfish of me to have children? that is when you have to think about these in the bigger picture. people just not making the money they want to make and they don't know if they want to bring money into this neration think of medicare, social security now we have obamacare?

if we have less people in the nation and working less people put their dollars into a the program. >> what is the right answer? moved out of new york city? >> i don't know. we go out and read by a and so we have limited it so maybe that goes back to having to. >> but i don't like th trend right now. >> i don't either. >> this should be an expansion people should be doing better this is not what we are used to. >> its always great to have the ladies panel. >> restaurants across the country are refusing to ut serve kids after dark.

how to turn that fstrating part-time job into a full-time potion.

gerri: attorney a part-time job into a full-time career has never been harder

>> the u.s. is fast becoming a part-time nation despite all thoseosy research reports across the country but the reality is this most of the worrs are clocking in at less than 30 hours per week.

have deterred a part-time job into a full-time career? , author of the book what color is your parachute? you are the perfect person for this segment yours was the first job spoken the best. thank you for coming on the show. i appreciate it. these part-time jobs are so common 75% created this year are part time, an awful time so why is it so difficult to find a full-time job? >> the employers sees it as a cost with this economy they keep it as low as a key and so they can accomplish what they need to accomplish using part-timers it will only grow as the demand ineases. gerri: you told our producer

that every job today is temporary. what do you mean? if you think job as mortal they have the much shorter life i'd been the staff is used to ce the fact you willose the job sooner or later so you need to be prepared zero ways to go job hunting and not think this is where i will spend the rest of my life. gerri: you are making me a little anxious but if i am is a temporary jobhow do i turn that into afull-time job? what are the three steps to allow me to do that? >> the first one is you have to be an extraordinary employee with the things that we are all aware of, in 50 minutes early, as a 15 minutes later and to achieve

the work and to get along well with your fellow employees. second is keep asking yourself every day i of here because my employer views me as a cost what of my doing to see there is value in the work by introducing? ask yourself every day what are the employers goals? >> a what you said was interesting is you should keep a log of your contribution over time. said write down what you did that propelled the company for word or when you have to defend yourself or just asking for a raise you to go back to say this is what i have done. >> you have to make that the discipline every weekend you spend half an hour or less

to keep that kind of a journal then summarize on the one-page paper natalie give it your supervisor but there's also once a year or maybe bar often in tt would justify you cleaning i have such a value here you may wann to consider hiring a full-time not just part-time gerri: that is a great argument. when was your book first published? >> when dinosaurs were roaming the earth. [laughter] >> self published in 1970. a new edition of every year i preconceivedhe book every year gerri: every edition has something new. it is great to talk to you. thank you so much. it is time for a look at the stories you are clicking on. the end to a down week on wall street with all three major indexes ending in the

red after the dow and s&p hit tte all-time closing high but price line.com also was close to being the first talk to ever cross $1,000 and investors jumped on board after better than expected earnings. bob eiger speaks exclusively to dennis kneale as they held the three decks go either stand tuesday will have a bunch of new products despite the flop of lone ranger he said he is happy the way business is right now. obama neece it clear he has no intention to stop the daily collection of phone records he promised appropriate reforms houses it is carried out the stops short to say what they will be only they will be working with congress. those laws stores right now on fox business dhaka. we have more coming up

georgetown has a new program to pay for your degree we have a report. and kids running around. you have seen this price so now restaurants are beginning kids. is a legal? we will get your reaction. ♪ññx?z?ñóz?z?wóvóvó@

♪ gerri: our taxpayers picki up the tab for a new generation of lawyers. loophole, pricey grgetown university law school is offering students free tuition if they go into public service for ten years. itox busines rich edson is at georgetown university with the

details. say it ain't so. >> reporter: good evening. first, it is pretty attractive considering the price of law school, if you have ever exported. this is on the georgetown website. the program, federal program and the program they have here means public interest borrowers might not pay a single penny on their loans ever. that is pretty good, considering that this law school, which is a pretty good law school, a top tier, and others are expensive, this 1,229,543 years, room, tuition. the general government will lend you the entire mountain on average you end up with about $150,000 of average debt a graduation. here is up where -- here is where the loan repayment comes in. if you commit after graduation to ten years in a public-service job as an attorney, if you are less than $75,000 per year, the federal government will forgive your loan balance after ten

years for an average price of $160,000. the student has to pay 10 percent of their take-home pay as parttof that deal. on average 45,000, but the schools catch which is what the school advertises here at georgetown and other schools, the school will reimburse that payment of $45,000, so you get the law school for free. here's the trick. orgetown and other schools are simply increasing their tuition to cov that portion. >> a school's job is to maximize revenue and get as many people enroll for the highest price possible. and still maintain their prestige. so it is not surprising to me that georgetown law figured o that they could charge a high tuition and get the taxpayers to up foot the bill. >> reporter: a new america foundation is saying may increase tuition. that bill was part of loan forgiveness, and while it looks

like they're being generous, maybe not so much. georgetown says, that is not the deal at all. a "saying these bonds, primarily from tuition paid by students either through their own resources are federal laws that are fully repaid at up to almost 8% interest. they say they put $2 million in the this program and expect that the costs will rise. $2 million annually in the costs will rise. gerri: let me just say this about that, how, as a taxpayer. thk you r that report. disconcerting. >> thanks. gerri: well, we pay for everything, don't we? how about this, restaurants around the country are putting in their own special order, hold the kids. a mexican restaurantn texas becoming the latest establishment to refuse service to childre in this case past 7:00 p.m. of course they wreak havoc on other patrons, but to bar kids

from restaurants, is a legal? joing me now, attorneys. welcome a discrimination law

called the reason -- least restrictive means. children under the rubric of family status or is discrimination in public accommodation. the position where there could be a separate room. that will be offending anyone. gerri: now i have to have a room for kids? >> it is likened to people taking their kids to a baseball game and sitng in the beer section. gerri: if you think about as -- it presents kids are entitled to up protected status. the lodge's does not go there. my children are ends the title to this. gerri: here is what i am thinking. kids and adults. ephemeris from paying the bill and panda waitstaff i should be of a cut anybody wants to. >> as long as you don't kick them out based on a legal

principle -- gerri: noisy, and directing the other people. >> i someone is trying to have the right to not be served. when it comes to this there is that issue. if the restaurant can do something that could still let people have of a nice dinner and be with their kids, like you said, when my kids when they were little theyere angels and if you believe that -- gerri: but lori ithree years old. >> three and a half. not going to of fine dining establishment. gerri: so you don't take into these places. >> correct. that is what the marret will dictate. these are restaurants that were family friendly that were imposing these types of policies which it will have no interest in doing you would have a public outcry that this is not right. gerri: my question. you guys are obsessed with discrimination on this conversation. i think the oy people being discriminated against our young parents. >> that's why i believe there could be an issue with family status discrimination being recognized in certain states,

not by federal law but by seven states. there is a nation with y -- it will be within that room. >> there are plenty of restaurants that cater to families, so we're talking about the restaurants that will impose this type of policy, the finer dining places where quite frankly children should not be any way. gerri: so children eight and youngbear are permitted. the sushi bar, 18 and under band. big headlines banning kids under six years old. it is not just necessarily highfalutin restaurants with white tablecloths and it is a lot of restaurants that don't want to have kids there. the end of the day if you're running your own business and not discriminating on the basis of race or religion, come on. i think you ought to be able to do what you want. >> in the end there is validity to that. however, a creative and crafty lawyeran look at this -- gerri: as you are. >> exactly true, especially

defending the little guy and get into the least restrictive environment situation. a family status and reverse age discrimination bassist. >> easily dismissed because you need a protected status to get -- gerri: and you don't have one. >> that is where great minds will differ. gerri: all right. good job. thank you for coming out tonight. good job, difficult topic. we want to know what you think. are you annoyed by kid and restaurants? log on to gerriwillis.com and vote on the right hand side of the screen and abbas said the results of the end of the show. unbelievable, right? well, one of the common answer is you have given to our question today is a depends on the restaurant. and tonight's top five, the most kid friendly restaurants according to parents. number five, pf chains. family style chinese food chain has a lot of favorites. space get special chopsticks and many other toys for the table. red robin. healthy options including

mr. burgers and offers parents and easy to understand ingredient menu. number three, chilies. the tex-mex chain keeps expanding its kids' menu. number two, bordeaux, chicago world. wide air fares and in recent years including whole grain pastas. kids and some restaurants can even put on an apron and make their own pizza. the number one kid friendly restaurant is -- the restaurant offers everything from the basic chicken fingers to what grilled fish giving kids and of which enti to be a little more adventurous. kids fried's -- kids fries are not salted..3 others on the list, mimi's cafe as wto make up. an update to a little story. it might make you think twice before opening your curtains. a manhattan judge has ruled this guy can keep snaing photos of you and your children in your private moments while in your

apartment. to parents s sued. he started selling photos of the children in the new york exhibit. some of these bottles went for $10,000. the judge ruled artistic freedom trump's privacy concerns and dismissed the case. when we come back we'll take a closer look at how men and women approach diets. we believe in very different ways. and investors sending the markets through the first weekly loss in six weeks leading many to askf stocks are overpriced. aners coming up. ♪

gerri: t price now might be brought -- the price not might -- the price might not be right. the s&p 500 has been breaking one record after the next as profit growth continues to

stall. the disconnect is pushing stocks to the highest price to earnings ratio in nearly four years. ou stocks overvalued? joining me now, president of cold balm capital management. welce back. were stocks overvalued? >>ompletely. it can get much more overvalued. the fed pumping 805 billion per month. back in 99 yen at price-earnings multiples in the '20s. as a matter of fact it was about 40. gerri: only 145. how can you say that is too expensive. if you compare it with other times, like you just said, during that dot com don't talk 30 * multiple? and now we are at half of that? how is that expensive? >> some hav it at 14, 16, 17. you have interest rates that have been manipulated down to zero. interest rates normalize, and it will one day, either by the fed or thearket itself, once that

normalizes i can promise you that we will be compressed on a price-earnings multiple. this year the market is up 18%. earnings growth is a big fat zero which means it is all valuation trickling hire which will end eventually. gerri: does that mean you are selling stocks right now or not buying? >> i think there are areas you ay out of. interest rates go up. i would be at an interest-rate sensitive everything. housing, real-estate stocks, things like tha. commodity stocks are starting to perk up. i like the field. i have been bearish. it isa rotating market right now. gerri: do you believe we will see a better economy? will that trickled through broadly throughout the s&p 500 market? >> the same thing i have been saying for a couple of years. the economy will be okay one month in the next it won't. we are in no one's right now for gdp. that is really not good numbers.

the potential for the economy will be hit. not only nationally, the states. regulations are getting bigger and hitting business. i still think there is a big dose of uncertainty out there which is why you still see unemployment in the sevens. until we get into the low sixes and fires, i don't think the economy can look for help in any meaningful fashion. gerri: we just have to get rid of this employment problem. next week is a big one for stocks. what do you see as the important ones here? >> this coming week there are a few things. for me it is all about the fed. all this talk. i hate the word, but they're talking about tapering. last time they did, the market got hit. they had to row the back. if they start coming out talking about capering i think the market is due for a good five to 10% on the downside which would be quite normal. we have not have won all year

long. gerri: i hate normal. wednesday bl has produced a price. thursday consumer price index. st fyi. if you are looking to next week, there is your chichi. thank you for coming on. great to see you. >> my pleasure. gerri: we have more, my "2 cents more." men and women even diet differently. the best approach for each gender, we have advice coming up. ♪

gerri: men and women may be from different planets, but do they need to diet differently?

♪ gerri: you know the battle of the bulge. i'm sure you have fought it. i have. it is one that both genders face. research shows men and women died differently. what is the best approach? a celebrity weight-loss coaches here, author of thinking growth. so many questions, but let's just are with this main question about how men and women died differently. how is it different? is it always the same? >> i know personally what it feels like a male having once weighed 360 pounds as a teenager. i was out of control. i could have been the king of excuses. men and women come to my office often times with a whole litany, script, if you will, of a story of why there are overweight.

charles really there are distinctions, i think that the differences between the sexes or genders, there is really one major iue. in the mind set. someing is missing in his approach is that you read about, these different diet and exercise programs because if it was just a diet or exercise program or dvd your machine, i don't think we would see the problem and i once had. something is missing. the real missing component is out to recondition your mind set. gerri: we will get to that, but let's talk about men and women. realize everyone has an excuse, but from what i read women prefer to think about this is about being about nutrition and sticking to a diet. men think about getting in shape. who hashe better edge? >> i don't know if it is a question of right or wrong. i think it is better or best in

the sense that you have to ask yourself what is important to you. as a female, a person like yourself who struggles, perhaps it is getting into a dress or licking your best or dealing with emotions. for a male it's having muscle or being stronger. you have to find a component for you. really start doing what you need to do to get yourself to where yowant to go. abandon thetory as to why you cannot. all of the articles to read today are all about genetics. predisposition -- predisposition. gerri: that's not enough. i want to ask you a question about your own personal situation. we have pictures, b before picture of the loo nothing like a man in front of me now. you said y would gorge on junk food in front of the tv, descent and the. >> absolutely. gerri: how did you get a half? >> it was an epiphany. it was not one t. i have counselors, family members and friends telling me i

might not live to see my high-school graduation. by the time now 17, unable to evenly on the bed and see the television set in front of me being in thatlace, being scared for my life and seeing the family that i have around me on my father's side,,to the glove. so i developed this mental association very early to change our fault. very believe, different from all the other boys. and i use food to cope. one thing i think people should consistently do is change the field. if you want to let referring your help from their habit you have to take responsibility. chronology neurobiology has to be your destiny. you can make a decision and alter your tauruses and thereby change our whole destination. after coming to terms with that i made the decision to change. gerri: thank you for coming on. i could talk to you for an hour.

i have more questions. have to come back. >> everyone can do it. don't li

♪ gerri: and finally, you know, forget the naysayers. and selling rates and the buyouts of the room. mortgage rates bites, but u can still get a 30 year mortgage for under 5%, and that is a stl by historic standards. earlier this hour i spoke with the ceo of quicken loans. he said he doesn't see mortgage rates going much higher. of he also said the best thing for mortgage rates would be that the federal reserve shuts out. i could not agree more. bin bernanke's job causing rates

to shoot up the full 1%. the better it is. that's my "2 cents more." that's it for tonight and "the willis report." thank you for joining us. have a great night. ♪ >> tom: we now know the initial stoes about benghazi and rogue cincinnati irs agents and the closing of the 22 embassies. how do i say it -- they strain credibility. it's one thing to disagree with policy but this is different. can you trust what our government is saying right here, right now. >> tom: thanks for joining us. here at the top of the stack, about a week ago we learned of a worldwide terrorist alert that resulted in 22 embassies being closed temporarily but since then